Commodity Special Weekly Journal

Strictly For Client Circulation

Sebi Reg. No.:- INH000003358
23rd to 27th October 2017

GOLD 29554 SILVER 39877

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 Market Weekly Wrapup
Sebi Reg. No.:- INH000003358

16th to 20th October 2017

Scrip Contract Open Price High Low Close Price

Gold 05-Dec-2017 29839 29955 29522 29554

Silver 05-Dec-2017 40404 40632 39624 39877

Crude Oil 17-Oct-2017 3356 3428 3322 3372

Natural Gas 26-Oct-2017 195 196.9 185.2c 190

Copper 30-Nov-2017 450 466.35 450 455.5

Zinc 31-Oct-2017 212.4 214.65 199.2 204.75

Lead 31-Oct-2017 165.05 166.75 159.6 160.2

Aluminium 31-Oct-2017 137.95 140.6 136.35 138.1

Nickel 31-Oct-2017 755.8 785.8 751.3 761.1

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 Weekly Support & Resistance Sebi Reg. No.:- INH000003358

23rd to 27th October 2017

Scrip Contract RES-2 RES-1 PIVOT SUP.1 SUP.2

Gold 05-Dec-2017 30110 29832 29677 29399 29244

Silver 05-Dec-2017 41052 40646 40044 39465 39036

Crude Oil 17-Nov-2017 3480 3426 3374 3320 3268

Natural Gas 26-Oct-2017 202 196 191 185 179

Copper 30-Nov-2017 474 465 457 448 441

Zinc 31-Oct-2017 222 213 206 198 191

Lead 31-Oct-2017 169 165 162 158 155

Aluminium 31-Oct-2017 143 140 138 136 134

Nickel 31-Oct-2017
801 781 766 746 732

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Market News
Sebi Reg. No.:- INH000003358

23rd to 27th October 2017

Special News

Crude Oil Prices Settle Higher as Middle East Tensions Disrupt Supply
Crude oil prices settled higher on Friday as political tensions in the Kurdistan region continued to
disrupt crude supplies offsetting signs of wavering U.S. demand.
On the New York Mercantile Exchange crude futures for November delivery rose 18 cents to settle
at $51.47 a barrel, while on London's Intercontinental Exchange, Brent added 33 cents to trade at
$57.56 a barrel.
In what was a volatile session, crude oil prices struggled for direction as investors weighed the
impact of falling domestic demand against supply disruptions in the Kurdish region of Iraq.
Oil exports from Iraq's Kurdistan towards the Turkish port of Ceyhan were flowing at average rates on Friday of 216,000 barrels per day
versus the usual flows of 600,000 bpd, according to a report from Reuters citing a shipping source.
Gold Prices Near Session Lows as Dollar Edges Higher
Gold prices fell on Friday amid a sharp rise in the dollar on growing expectations of tax reform after
the Senate approved the Republican-backed budget.

Gold futures for December delivery on the Comex division of the New York Mercantile Exchange
fell $7.64, or 0.60%, to $1,282.28 a troy ounce.

Gold prices struggled to pare losses as sentiment on the dollar turned positive on signs of tax
reform bolstered investor expectations of a fiscal lift to the economy amid housing data that topped forecasts.

The Senate approved the Republican-back budget on Thursday, a crucial step forward for tax reform, allowing Republicans to move ahead
with tax cuts without support from Democrats.

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Commodity Buzz Sebi Reg. No.:- INH000003358

23rd to 27th October 2017

Base Metals to consolidate further with a positive bias

Base Metals are expected to consolidate further but trade with a positive bias in intraday today. Zinc is the best performer today gaining over
two percent to trade at Rs.206 whereas Copper is trading steady at Rs.459.45, up about half a percent.

Base Metals gained higher earlier this week as Chinese manufacturing and inflation improved over the past month and prices have declined
marginally since then driven by profit booking. The short term fundamentals continue to support prices but we maintain a cautious stance as
the market seems to be increasingly overbought over the past few weeks especially Lead and Zinc which are consolidating with increasing
chances of a flash crash as the bulls clear out their positions.

Copper is likely to trade with a positive bias today and we expect prices to move higher if it breaks above resistance at Rs.461 whereas on the
downside, support is seen at Rs.457. Nickel continues to face resistance at Rs.768 breaking which expect prices to rally to Rs.775-Rs.780 this
week.

Crude Oil prices steady; oil inventories in focus

Crude Oil is trading steady since morning but with a positive bias as the market focuses on the key inventories report due for release today.
Crude Oil is trading at Rs.3386, up 34 points today.

API reported earlier today that crude oil inventories may have declined 7.13 mmb for the week ending October 13. Gasoline inventories saw a
build of 1.94 mmb whereas distillates are expected to show a build of 1.64 mmb. The official report scheduled at 8 pm today from the EIA is also
expected to show a draw in crude oil and distillate stocks whereas gasoline may show a marginal build in stocks today.

In intraday, strong resistance is seen at Rs.3390 breaking which the gains may extend to Rs.3425-Rs.3450 whereas on the downside, a break
down below support at Rs.3350 could trigger a sharp selling in the commodity.

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Analyst Speak Sebi Reg. No.:- INH000003358

23rd to 27th October 2017

Gold MCX

Technically gold market is getting support at 29399 and below same RESISTANCE 2 30110
could see a test of 29244 levels and resistance is now likely to be
seen at 29832 a move above could see prices testing 30110. 29832
RESISTANCE 1
Gold on MCX settled down -0.06% at 29387 settled inched lower as
US stocks surged to fresh record highs, denting the precious metal's PIVOT 29677
safe haven appeal.

SUPPORT 1 29399
BUY GOLD DEC AROUND 29500-29550
TGTS 29950/30450 SL 29000
SUPPORT 2 29244

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Analyst Speak Sebi Reg. No.:- INH000003358

23rd to 27th October 2017

CRUDE OIL MCX

Technically now Crude oil is ge ng support at 3320 and below same RESISTANCE 2 3480
could see a test of 3268 levels and resistance is now likely to be
seen at 3426 a move above could see prices tes ng 3480. RESISTANCE 1 3426
Crude oil on MCX se led up 1.44% at 3313 as signs Saudi Arabia
PIVOT 3374
and Russia would limit produc on through next year pushed the
U.S. benchmark back above $50 a barrel.
SUPPORT 1 3320
BUY CRUDE OIL NOV AROUND 3350-3360
TGTS 3450/3550 SL 3250
SUPPORT 2 3268

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 Economic Events Sebi Reg. No.:- INH000003358

23rd to 27th October 2017

COUNTRY Date TIME EVENT ACTUAL FORECAST PREVIOUS

Wed
6:00pm Empire State Manufacturing Index 0.5% 0.5%
Oct 25

Import Prices m/m 1.1% 2.0%

7:30pm Capacity Utilization Rate 556K 560K

8:00pm Industrial Production m/m -5.7M

6:00pm FOMC Member Harker Speaks 236K 222K

Thu
Oct 26
7:30pm FOMC Member Dudley Speaks 0.7% -2.6%

6:00pm FOMC Member Kaplan Speaks 2.7% 3.1%

8:00pm Natural Gas Storage 51B

USD

Fri Building Permits 1.8% 1.0%

Oct 27
7:30pm Housing Starts 101.0 101.1

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Team :

Name Designation Email

Mr. Prateek Gupta (Technical Research Analyst-head)

Mr. Lakhan Patidar (Sr. Derivative & Technical Analyst)

Mr. Dharmendra Saloniya (Commodity Research Analyst)

Mr. Shubham Chinwar (Sr. Graphic Designer)

Checked By :-

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